Techub News: Bitwise Advisor Jeff Park tweeted that the Nasdaq-related proposal does not cancel the IBIT options position limit or allow unlimited leverage. The actual proposal involves removing the 25,000 non-standard position cap for Bitcoin ETFs such as FBTC, ARKB, HODL, and some Ethereum ETFs, making them uniformly subject to the 250,000 standard cap, consistent with IBIT and BITB. Jeff Park stated that the application to raise the position limit for IBIT to 1 million shares was submitted in November last year but has not yet been approved; the current limit remains at 250,000 shares.